26 U.S.C. § 941 : US Code - Section 941 TO 943: Repealed. Pub. L. 108-357, title I, Sec. 101(b)(1), Oct. 22, 2004, 118 Stat. 1423]

Search 26 U.S.C. § 941 : US Code - Section 941 TO 943: Repealed. Pub. L. 108-357, title I, Sec. 101(b)(1), Oct. 22, 2004, 118 Stat. 1423]

Section 941, added Pub. L. 106-519, Sec. 3(b), Nov. 15, 2000, 114
Stat. 2424, related to qualifying foreign trade income.
A prior section 941, acts Aug. 16, 1954, ch. 736, 68A Stat. 293;
Oct. 4, 1976, Pub. L. 94-455, title X, Sec. 1053(a), title XIX,
Sec. 1906(b)(1)(A), 90 Stat. 1648, 1834, set forth provisions
authorizing special deduction for China Trade Act corporations,
prior to repeal by Pub. L. 94-455, title X, Sec. 1053(c), (e), Oct.
4, 1976, 90 Stat. 1649, effective with respect to taxable years
beginning after Dec. 31, 1977.
Section 942, added Pub. L. 106-519, Sec. 3(b), Nov. 15, 2000, 114
Stat. 2426, defined "foreign trading gross receipts" and set forth
economic process requirements.
A prior section 942, act Aug. 16, 1954, ch. 736, 68A Stat. 294,
disallowed foreign tax credit authorized by section 901 to any
corporation organized under the China Trade Act, prior to repeal by
Pub. L. 94-455, title X, Sec. 1053(c), (e), Oct. 4, 1976, 90 Stat.
1649, effective with respect to taxable years beginning after Dec.
31, 1977.
Section 943, added Pub. L. 106-519, Sec. 3(b), Nov. 15, 2000, 114
Stat. 2428; amended Pub. L. 107-147, title IV, Sec. 417(14), Mar.
9, 2002, 116 Stat. 56, set forth other definitions and special
rules for purposes of this subpart.
A prior section 943, acts Aug. 16, 1954, ch. 736, 68A Stat. 294;
Oct. 4, 1976, Pub. L. 94-455, title X, Sec. 1053(b), 90 Stat. 1648,
set forth provisions relating to exclusion from gross income of
residents of Formosa or Hong Kong of amounts distributed as
dividends by China Trade Act corporations, prior to repeal by Pub.
L. 94-455, title X, Sec. 1053(c), (e), Oct. 4, 1976, 90 Stat. 1649,
effective with respect to taxable years beginning after Dec. 31,
1977.
EFFECTIVE DATE OF REPEAL
Repeal applicable to transactions after Dec. 31, 2004, see
section 101(c) of Pub. L. 108-357, set out as an Effective Date of
2004 Amendments note under section 56 of this title.